SEC Approves Faster Way for Exchanges to List Bitcoin, Gold ETPs
The Securities and Exchange Commission (SEC) has approved a faster process for exchanges to list exchange-traded products (ETPs) that hold spot commodities like gold or Bitcoin. This decision allows three exchanges - NYSE Arca, Cboe BZX Exchange, and Nasdaq - to list these products more quickly. The new rule enables the exchanges to list spot commodity ETPs without having to go through the SEC's standard lengthy review process. This is expected to make it easier for investors to gain exposure to assets like Bitcoin and gold through the stock market. The SEC's approval reflects the growing demand for cryptocurrency and other alternative investment products. The faster listing process is seen as a step towards greater accessibility and liquidity in the spot commodity ETP market.
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